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Tiger Brands Ltd (TBSJ.J)

TBSJ.J on Johannesburg Stock Exchange

27,500.00ZAc
17 Aug 2018
Change (% chg)

-2,333.00 (-7.82%)
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Latest Key Developments (Source: Significant Developments)

Tiger Brands Says Chief Growth Officer Grattan Kirk Will Be Leaving Co
Tuesday, 5 Jun 2018 02:42am EDT 

June 5 (Reuters) - Tiger Brands Ltd ::GRATTAN KIRK, CHIEF GROWTH OFFICER TENDERED HIS RESIGNATION AND WILL BE LEAVING TIGER BRANDS ON 22 JUNE 2018.YOKESH MAHARAJ WILL JOIN TIGER BRANDS ON 2 JULY 2018, AS CHIEF GROWTH OFFICER.  Full Article

Tiger Brands Ltd Says HY HEPS Down 16 Pct TO 868 Cents
Thursday, 24 May 2018 01:05am EDT 

May 24 (Reuters) - Tiger Brands Ltd ::HY REVENUE DECLINED 4% TO R15,7 BILLION.HY HEPS DOWN 16% TO 868 CENTS.HY INTERIM DIVIDEND UNCHANGED AT 378CPS.OUTLOOK FOR BALANCE OF YEAR REMAINS CHALLENGING.VAMP FACILITIES ARE LIKELY TO REMAIN CLOSED FOR A LARGE PART OF SECOND HALF.HY OPERATING INCOME DECLINED 8% TO R2,0 BILLION.COMPANY IS CONSIDERING A NUMBER OF INITIATIVES AIMED AT REBUILDING TRUST WITH CONSUMERS..HY GROUP REVENUE FROM CONTINUING OPERATIONS DECLINED BY 4% TO R15,7 BILLION.INITIATIVES INCLUDE A MULTI-STAKEHOLDER FORUM TO ENSURE A SUSTAINABLE AND INCLUSIVE RESPONSE TO CURRENT CHALLENGES.CONSIDERING BEST APPROACH TO ENSURE RECENTLY LAUNCHED CLASS ACTIONS ARE HANDLED SENSITIVELY AND RESPONSIBLY HAVING REGARD TO ALL FACTS."DETECTION OF PRESENCE OF LISTERIA ST6 IN OUR FACTORY IN POLOKWANE WAS DISAPPOINTING TO US".REHABILITATION WORK CONTINUES AT VALUE ADDED MEAT PRODUCTS (VAMP) FACILITIES.VAMP RECALL AND RELATED COSTS AMOUNT TO R365 MILLION NET OF INITIAL INSURANCE CLAIMS.HY REVENUE WAS NEGATIVELY IMPACTED BY PRICE DEFLATION OF 2,7% AND AN OVERALL VOLUME DECLINE OF 1,6%..TESTING OF FROZEN PORK RAW MATERIALS STOCK IS ONGOING AND ONLY EXPECTED TO BE CONCLUDED WITHIN NEXT THREE MONTHS.ALL FROZEN PORK STOCK TESTED TO DATE HAS PROVED NEGATIVE FOR LISTERIA MONOCYTOGENES.REMAINING CARRYING VALUE OF FROZEN PORK STOCK EXPOSED TO POTENTIAL FUTURE WRITE-OFFS IS R80 MILLION.  Full Article

S.A Department Of Agriculture, Forestry & Fisheries Minister Met Tiger Brands CEO On Monday
Tuesday, 20 Mar 2018 04:35am EDT 

March 20 (Reuters) - S.A Department Of Agriculture, Forestry & Fisheries::MINISTER MET WITH TIGER BRANDS CEO ON MONDAY; TAKEN THROUGH CO'S PROCESSES TO RESPOND TO LISTERIOSIS OUTBREAK‍​‍​.MINISTER WANTED ASSURANCE THAT ESTABLISHMENT WORKING SATISFACTORILY ON CORRECTIVE MEASURES ‍​.TO DATE, NO IMPORTED MECHANICALLY DEBONED MEAT HAS TESTED POSITIVE FOR LISTERIA MONOCYTOGENES ST6 STRAIN.AWARE OF CHALLENGES RELATED TO ESTABLISHMENT IN BRAZIL (BRF S/A) UNDER INVESTIGATION BY BRAZILIAN AUTHORITIES.ENGAGED BRAZILIAN AUTHORITIES, RECEIVED RESPONSE INDICATING THERE ARE 3 ESTABLISHMENTS UNDER INVESTIGATION.RESPONSE FROM BRAZILIAN AUTHORITIES INDICATE THERE ARE ADDITIONAL 3 LABS THAT SERVICE THE 3 ESTABLISHMENTS.BRAZILIAN ESTABLISHMENTS HAVE BEEN SUSPENDED BY BRAZILIAN AUTHORITIES UNTIL CONCLUSION OF INVESTIGATION.DEPARTMENT. OF AGRICULTURE, FORESTRY & FISHERIES SUSPENDED IMPORTS FROM THE ESTABLISHMENTS.  Full Article

Tiger Brands Says ‍Continued Extensive Testing Of Products, Production Facilities Beyond Polokwane, Germiston​
Monday, 19 Mar 2018 10:09am EDT 

March 19 (Reuters) - Tiger Brands Ltd ::‍CONTINUED EXTENSIVE TESTING OF PRODUCTS AND PRODUCTION FACILITIES BEYOND POLOKWANE AND GERMISTON​.‍DEPARTMENT OF HEALTH DID NOT FIND PRESENCE OF LISTERIA IN PRODUCT SAMPLES​.‍DISCOVERED PRESENCE OF VERY LOW LEVELS OF LISTERIA AT PRETORIA MEAT PROCESSING FACTORY​.‍CLOSED POLOKWANE AND GERMISTON ENTERPRISE FACTORIES ON 4 MARCH 2018​.‍ALL OF ENTERPRISE READY TO EAT MEAT PRODUCTS HAVE BEEN RECALLED AND ARE NO LONGER AVAILABLE FOR SALE​.TIGER BRANDS-‍TAKEN MEASURE OF CLOSING FACTORY, INSTITUTED PRODUCT RECALL OF SNAX PRODUCTS MANUFACTURED AT PRETORIA FACTORY WITH IMMEDIATE EFFECT​.‍WILL BE SENDING SAMPLES FOR GENOME SEQUENCING TO ESTABLISH SPECIFIC STRAIN OF LISTERIA​.‍INDEPENDENT TESTING CONFIRMED FINDINGS OF DEPARTMENT OF HEALTH FOR PRESENCE OF ST6 STRAIN OF LISTERIA MONOCYTOGENES IN ENVIRONMENT​.THERE ‍WAS A POSITIVE DETECTION OF LISTERIA ST6 (LST6) ON OUTER CASING OF TWO SAMPLES​.‍DEPARTMENT OF HEALTH DID NOT FIND PRESENCE OF LISTERIA IN THEIR PRODUCT SAMPLES​.  Full Article

Tiger Brands Says ‍Operations At Clayville Abattoir Being Wound Down
Monday, 19 Mar 2018 02:59am EDT 

March 19 (Reuters) - Tiger Brands Ltd ::UPDATE ON PRODUCT RECALL AND SUSPENSION OF OPERATIONS.‍OPERATIONS AT CLAYVILLE ABATTOIR ARE BEING WOUND DOWN WITH OBJECTIVE OF SUSPENDING OPERATIONS COMPLETELY BY 31 MARCH 2018​.‍VAMP BUSINESS IS ESTIMATED TO RECORD A LOSS BEFORE INTEREST AND TAXATION OF BETWEEN R28M AND R33M FOR MARCH TRADING PERIOD.‍MONTHLY IMPACT OF COMPLETE CESSATION IN PRODUCTION IS ADVERSE MOVEMENT OF ABOUT R50M AT EARNINGS BEFORE INTEREST AND TAX LEVEL RELATIVE TO EXISTING EARNINGS BASE​.‍NO GUIDANCE IS AVAILABLE AS TO WHEN POLOKWANE, GERMISTON, PRETORIA OR CLAYVILLE FACILITIES WILL RESUME OPERATIONS​.  Full Article

Tiger Brands Says DoH ‍report Confirms Presence Of Listeria Monocytogenes St6 Strain In Polokwane Factory
Friday, 9 Mar 2018 09:37am EST 

March 9 (Reuters) - Tiger Brands Ltd ::JSE: TBS - TIGER BRANDS LISTERIA UPDATE.ENTERPRISE FOODS RECEIVED REPORT FROM DEPARTMENT OF HEALTH ON MARCH 8 WHICH CONFIRMS PRESENCE OF LISTERIA MONOCYTOGENES ST6 (LST6) STRAIN ​.WE ARE WELL ADVANCED IN NATIONAL RECALL OF ALL READY-TO-EAT CHILLED PROCESSED MEAT PRODUCTS, WHICH WE INITIATED ON SUNDAY.‍REPORT CONFIRMS PRESENCE OF LISTERIA MONOCYTOGENES ST6 (LST6) STRAIN IN POLOKWANE FACTORY..POLOKWANE AND GERMISTON FACTORIES REMAIN CLOSED WHILST WE CONDUCT A DEEP CLEANING PROCESS.‍APPOINTED A TEAM OF LOCAL AND INTERNATIONAL SCIENTIFIC EXPERTS TO ATTEMPT IDENTIFY ROOT CAUSE OF LST6.​.  Full Article

‍Tiger Brands To Recall Identified Enterprise Products​
Monday, 5 Mar 2018 01:46am EST 

March 5 (Reuters) - Tiger Brands Ltd ::‍TIGER BRANDS TO RECALL IDENTIFIED ENTERPRISE PRODUCTS​.SUSPENDED OPERATIONS AT BOTH ENTERPRISE MANUFACTURING FACILITIES (POLOKWANE AND GERMISTON) AND HAVE HALTED SUPPLY TO TRADE​.‍ENTERPRISE FOODS ISSUED WITH ORDER BY NATIONAL CONSUMER COMMISSION TO CONDUCT RECALL OF ENTERPRISE POLONY, ENTERPRISE FRANKFURTERS.‍ENTERPRISE FOODS ALSO ISSUED WITH ORDER BY NATIONAL CONSUMER COMMISSION TO CONDUCT A RECALL OF ENTERPRISE SMOKED RUSSIANS​.ENGAGING DEPARTMENT OF HEALTH AND NATIONAL INSTITUTE OF COMMUNICABLE DISEASES ON FINDINGS.  Full Article

Tiger Brands Says ‍Group Revenue For 4-Mths Ended Jan Declined By 5%​
Wednesday, 21 Feb 2018 12:16am EST 

Feb 21 (Reuters) - Tiger Brands Ltd ::‍GROUP REVENUE FOR FOUR MONTHS ENDED 31 JANUARY 2018 DECLINED BY 5%​.‍DECREASE IN 4-MONTH REVENUE AGGRAVATED BY PRICE DEFLATION IN SOME SOFT COMMODITIES AND HIGHER LEVELS OF DISCOUNTING IN DOMESTIC BUSINESS​.4-MONTH ‍CONSOLIDATED GROSS PROFIT MARGIN PERCENTAGE HAS IMPROVED COMPARED WITH CORRESPONDING PERIOD LAST YEAR​.ON PROTRACTED DROUGHT IN WESTERN CAPE, TAKEN NECESSARY MEASURES TO ENSURE SUSTAINABILITY OF OPERATIONS AND TO MITIGATE SUPPLY CHALLENGES​.‍GROUP'S PERFORMANCE FOR REMAINDER OF 2018 FINANCIAL YEAR IS LIKELY TO BE IMPACTED BY SLOW START TO YEAR​.‍PROVIDED THERE ARE NO RESTRICTIONS ON USE OF BOREHOLE WATER, WE DO NOT FORESEE SUPPLY DISRUPTIONS AT THIS STAGE IN WESTERN CAPE​.  Full Article

Brimstone Investment Corp Says Unit Disposes 1.8 Mln Tiger Brands Shares​
Tuesday, 6 Feb 2018 04:05am EST 

Feb 6 (Reuters) - Brimstone Investment Corporation Ltd ::ANNOUNCEMENT REGARDING THE DISPOSAL OF 1 813 613 TIGER BRANDS LIMITED SHARES.UNIT BRIM TIGER SPV (PROPRIETARY) DISPOSED OF 1.8 MILLION TIGER BRANDS ORDINARY SHARES​.‍DEAL FOR A TOTAL CONSIDERATION OF R387.3 MILLION.‍CONSIDERATION RECEIVED BY BRIMSTONE FROM DISPOSALS WILL BE USED TO REPAY CERTAIN OUTSTANDING DEBT FUNDING OBLIGATIONS OF BRIMSTONE​.  Full Article

Tiger Brands says ‍FY HEPS up 2%
Monday, 27 Nov 2017 12:13am EST 

Nov 27 (Reuters) - TIGER BRANDS LTD ::‍FY HEPS UP 2% TO 2 155 CENTS​.FY ‍GROUP OPERATING INCOME UP 11% TO R4,6 BILLION​.‍DECLARED UNCHANGED GROSS FINAL CASH DIVIDEND OF 702 CENTS PER ORDINARY SHARE FOR YEAR ENDED 30 SEPTEMBER 2017​.TIGER BRANDS -ECONOMIC OUTLOOK FOR 2018 IS MUTED, WITH NO CURRENT SIGNS OF A RECOVERY IN CONSUMER SPENDING WHILE GROWTH LEVELS ARE LIKELY TO REMAIN LOW​.‍SAYS LITTLE EVIDENCE OF VOLUME UPLIFT IN YEAR AHEAD​.  Full Article